Homework Answers
| Nov | Dec | Jan | Feb | March | ||||
| cash sale | 6400 | 4240 | 6320 | 4880 | 5840 | |||
| credit sale | 9600 | 6360 | 9480 | 7320 | 8760 | |||
| 16000 | 10600 | 15800 | 12200 | 14600 | ||||
| Jan | Feb | March | Quarter | |||||
| cash sales | 6320 | 4880 | 5840 | 17040 | ||||
| Collection of credit sales | ||||||||
| 25% month of sale | 2370 | 1830 | 2190 | 6390 | ||||
| 50% month after | 3180 | 4740 | 3660 | 11580 | ||||
| 15% two months after | 1440 | 954 | 1422 | 3816 | ||||
| total cash collections | 6990 | 7524 | 7272 | 21786 | ||||
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Garnet Service anticipates the following sales revenue over a five-month period E Click the icon to...
Topaz Service anticipates the following sales revenue over a five-month period: 3: (Click the icon to...
Topaz Service anticipates the following sales revenue over a five-month period: 3: (Click the icon to view the sales data.) The company's sales are 40% cash and 60% credit. Its collection history indicates that credit sales are collected as follows: i (Click the icon to view the collections data.) How much cash will be collected in January? In February? In March? For the quarter in total? Complete the cash budget to determine how much cash will be collected in January,...
Emerald Service anticipates the following sales revenue over a five-month period: Click the icon to view...
Emerald Service anticipates the following sales revenue over a five-month period: Click the icon to view the sales data.) The company's sales are 40% cash and 60% credit its collection history indicates that credit sales are collected as follows: (Click the icon to view the collections data) How much cash will be collected in January? In February? In March? For the quarter in total? Complete the cash budget to determine how much cash will be collected in January February March...
Its collection history indicates that credit sales are collected as follows Gem Service anticipates the following...
Its collection history indicates that credit sales are collected as follows Gem Service anticipates the following sales revenue over a five-month period: (Click the icon to view the sales data.) i Click the icon to view the collections data.) The company's sales are 20 % cash and 80 % credit How much cash will be collected in January? In February? In March? For the quarter in total? Complete the cash budget to determine how much cash will be collected in...
Gem Service anticipates the following sales revenue over a five-month period: The company's sales are 40...
Gem Service anticipates the following sales revenue over a
five-month period: The company's sales are 40 % cash and 60 %
credit. Its collection history indicates that credit sales are
collected as follows:
How much cash will be collected in January? In February? In
March? For the quarter in total? Complete the cash budget to
determine how much cash will be collected in January, February,
March and for the quarter in total.
Data Table November December January February March...
13. Mackel Company has the following sales for the first quarter of 2019: E (Click on...
13. Mackel Company has the following sales for the first quarter of 2019: E (Click on the icon to view the sales for the first quarter of 2019.) Sales on account are collected the month after the sale. The Accounts Receivable balance on January 1 is $12,800, the amount of December's sales on account. Calculate the cash receipts from customers for the first three months of 2019. February January March O Data Table Purchases on account January February March Receipts...
Samson Corporation has found that 70% of its sales in any given month are credit sales,...
Samson Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Samson Corporation has experienced the following collection pattern: November sales for last year were $110,000, while December sales were $115,000. Projected sales for the next three months are as follows: 20% received in the month of the sale 40% received in the month after the sale 25% received two months after the sale 15%...
Monette Corporation has found that 80% of its sales in any given month are credit sales,...
Monette Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Monette Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 22% received two months after the sale 3% of the credit sales are never received November sales for last year were $85,000, while December sales were $115,000. Projected sales for...
Alderman Corporation has found that 80% of its sales in any given month are credit sales, while the remainderare ca...
Alderman Corporation has found that 80% of its sales in any given month are credit sales, while the remainderare cash sales of the credit sales, Alderman Corporation has experienced the following collection pattern November sales for last year were $100,000, while December sales were $120,000. Projected sales for the next three months are as follows S January sales February sales March sales 150.000 125.000 165,000 $ 25% received in the month of the sale 50% received in the month after...
13. Meeks Company has the following sales for the first quarter of 2019: EEB (Click on...
13. Meeks Company has the following sales for the first quarter of 2019: EEB (Click on the icon to view the sales for the first quarter of 2019.) Sales on account are collected the month after the sale. The Accounts Receivable balance on January 1 is $12,500, the amount of December's sales on account. Calculate the cash receipts from customers for the first three months of 2019. January FebruaryMarch Data Table Total cash receipts from customers JanuaryFebruary March Cash sales5,000...
Yandell expects total sales of $360,000 in January and $410,000 in February. Assume that Yandell's sales...
Yandell expects total sales of $360,000 in January and $410,000 in February. Assume that Yandell's sales are collected as follows: (Click the icon to view the collections.) November sales totaled S290,000, and December sales were $340,000. Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar. (If a box is not used in the table leave the box empty: do not enter a zero.) Cash Receipts from Customers January February a More...
Topaz Service anticipates the following sales revenue over a five-month period: 3: (Click the icon to view the sales data.) The company's sales are 40% cash and 60% credit. Its collection history indicates that credit sales are collected as follows: i (Click the icon to view the collections data.) How much cash will be collected in January? In February? In March? For the quarter in total? Complete the cash budget to determine how much cash will be collected in January,...
Emerald Service anticipates the following sales revenue over a five-month period: Click the icon to view the sales data.) The company's sales are 40% cash and 60% credit its collection history indicates that credit sales are collected as follows: (Click the icon to view the collections data) How much cash will be collected in January? In February? In March? For the quarter in total? Complete the cash budget to determine how much cash will be collected in January February March...
Its collection history indicates that credit sales are collected as follows Gem Service anticipates the following sales revenue over a five-month period: (Click the icon to view the sales data.) i Click the icon to view the collections data.) The company's sales are 20 % cash and 80 % credit How much cash will be collected in January? In February? In March? For the quarter in total? Complete the cash budget to determine how much cash will be collected in...
Gem Service anticipates the following sales revenue over a
five-month period: The company's sales are 40 % cash and 60 %
credit. Its collection history indicates that credit sales are
collected as follows:
How much cash will be collected in January? In February? In
March? For the quarter in total? Complete the cash budget to
determine how much cash will be collected in January, February,
March and for the quarter in total.
Data Table November December January February March...
13. Mackel Company has the following sales for the first quarter of 2019: E (Click on the icon to view the sales for the first quarter of 2019.) Sales on account are collected the month after the sale. The Accounts Receivable balance on January 1 is $12,800, the amount of December's sales on account. Calculate the cash receipts from customers for the first three months of 2019. February January March O Data Table Purchases on account January February March Receipts...
Samson Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Samson Corporation has experienced the following collection pattern: November sales for last year were $110,000, while December sales were $115,000. Projected sales for the next three months are as follows: 20% received in the month of the sale 40% received in the month after the sale 25% received two months after the sale 15%...
Monette Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Monette Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 22% received two months after the sale 3% of the credit sales are never received November sales for last year were $85,000, while December sales were $115,000. Projected sales for...
Alderman Corporation has found that 80% of its sales in any given month are credit sales, while the remainderare cash sales of the credit sales, Alderman Corporation has experienced the following collection pattern November sales for last year were $100,000, while December sales were $120,000. Projected sales for the next three months are as follows S January sales February sales March sales 150.000 125.000 165,000 $ 25% received in the month of the sale 50% received in the month after...
13. Meeks Company has the following sales for the first quarter of 2019: EEB (Click on the icon to view the sales for the first quarter of 2019.) Sales on account are collected the month after the sale. The Accounts Receivable balance on January 1 is $12,500, the amount of December's sales on account. Calculate the cash receipts from customers for the first three months of 2019. January FebruaryMarch Data Table Total cash receipts from customers JanuaryFebruary March Cash sales5,000...
Yandell expects total sales of $360,000 in January and $410,000 in February. Assume that Yandell's sales are collected as follows: (Click the icon to view the collections.) November sales totaled S290,000, and December sales were $340,000. Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar. (If a box is not used in the table leave the box empty: do not enter a zero.) Cash Receipts from Customers January February a More...
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